CoalMint’s stock report reveals that thermal coal stocks at Paradip Port have risen sharply to 1.92 million tonnes (mn t), against 0.41 mn t seen in week 31 (25-29 Jul’21) due to the arrival of several new vessels of importers as well as end-users.
This increase is mainly attributed to the arrival of a vessel, carrying 0.34 mn t of thermal coal for Jindal Steel and Power Limited (JSPL) especially from Mozambique, an inventory that was absent in the previous week. Following JSPL, Tata Steel has the second highest stocks of 0.24 mn t from South Africa, which rose by more than 200% w-o-w.
Amongst traders, Rawmet has the highest stock of 0.23 mn t in week 31.
Thermal coal stock at major Indian ports recorded a sharp rise of 39% w-o-w to 2.09 mn t during week 31 (25-29 Jul’21).
Thermal coal stock at Gangavaram Port were the highest at 2.89 mn t, up 14% w-o-w followed by Vizag Port at 2.18 mn t, up 35% w-o-w, and Mundra Port at 2.13 mn t, up 17% w-o-w.
| Port | Week 30 | Week 31 | Difference (in %) |
| Ex-Gangavaram | 2.53 | 2.89 | +14 |
| Ex-Vizag | 1.62 | 2.18 | +35 |
| Ex-Krishnapatnam | 1.55 | 1.66 | +7 |
| Ex-Mundra | 1.82 | 2.13 | +17 |
| Ex-Haldia | 0.35 | 1.26 | +255 |
*Quantity in mn t
Stock of Tata Steel up in week 31
Thermal coal stock of Tata Steel rose to 1.09 mn t, up significantly w-o-w with the major portion of inventory held at Dhamra (0.64 mn t), Paradip (0.24 mn t) and Haldia (0.19 mn t) ports. This was followed by Adani Power with 2.41 mn t, up 9.3% w-o-w.
Following this was SAIL, with most of its stock stationed at Haldia (0.88 mn t), Vizag (0.60 mn t), Dhamra (0.34 mn t), and Paradip (0.15 mn t) ports.
Amongst traders, Adani Enterprise has the highest thermal coal stock at 3.32 mn t, up marginally on a w-o-w basis. The company has its vessels arriving from South Africa at the eastern ports. However, amidst limited portside trading activities, there is no major reduction in its stocks w-o-w.
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